SJW Group (NYSE:SJW) Declares Quarterly Dividend of $0.42

SJW Group (NYSE:SJW - Get Free Report) declared a quarterly dividend on Tuesday, April 29th, Wall Street Journal reports. Stockholders of record on Monday, May 12th will be paid a dividend of 0.42 per share by the utilities provider on Monday, June 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Monday, May 12th.

SJW Group has increased its dividend by an average of 5.9% annually over the last three years and has raised its dividend every year for the last 57 years.

SJW Group Stock Up 6.1 %

NYSE:SJW traded up $3.29 during mid-day trading on Tuesday, hitting $56.80. The stock had a trading volume of 262,922 shares, compared to its average volume of 282,623. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18. The stock has a 50-day simple moving average of $53.38 and a two-hundred day simple moving average of $52.85. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.94 billion, a PE ratio of 20.58, a PEG ratio of 3.94 and a beta of 0.56.

Wall Street Analyst Weigh In

SJW has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of SJW Group from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Bank of America raised SJW Group from a "neutral" rating to a "buy" rating and cut their target price for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd.

About SJW Group

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.

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